Friday, July 27 2012
Home prices and market activity held strong during June according to themonthly Indiana Real Estate MarketsReport today released by the state’s REALTORS®. Highlightsfrom the report include: • The median sale price of homes statewide is in its seventh consecutivemonth of year-over-year increases and back to a level not seen since 2007. “Forthe third month in a row, the statewide housing market has made very goodnews,” said Karl Berron, Chief Executive Officer of the Indiana Association ofREALTORS®. “Home prices and market activity were strong during June which is a resultof pent-up demand and continued low interest rates. It’s also because homesacross Indiana have historically held value, so real estate here has long beenviewed as a wise investment. “Thedemand will only be sustained if Hoosiers are working and confident in theirlong-term employment,” continued Berron. “So we are listening for economicdevelopment plans and watching jobs numbers closely.” Gettingback to the traditional year-over-year comparisons of the Indiana Real Estate Markets Report, statewide, when comparing June2012 to June 2011: • The number of closed home sales increased 11 percent to 6,750; Anyonelooking to buy or invest should start with the sortable county tables of this reportand then talk to a local REALTOR® who can give the most insight into what’shappening in a neighborhood, city or school district. Source: http://www2.realtoractioncenter.com/site/MessageViewer?em_id=138603.0&autologin=true Comments:
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